Trump pledges 'biggest tax cut ever' if he wins election in November

President Trump vowed to continue lowering taxes if he defeats Democratic challenger Joe Biden on Nov. 3, tweeting from the Walter Reed National Medical Center on Monday morning that his administration would pass a sequel to the 2017 tax overhaul.

"BIGGEST TAX CUT EVER, AND ANOTHER ONE COMING. VOTE!" Trump wrote in a series of tweets from Walter Reed, where he's been staying since Friday to undergo treatments for COVID-19.

"IF YOU WANT A MASSIVE TAX INCREASE, THE BIGGEST IN THE HISTORY OF OUR COUNTRY (AND ONE THAT WILL SHUT OUR ECONOMY AND JOBS DOWN), VOTE DEMOCRAT!!!" he wrote in another tweet.

Trump, who presided over the passage of the Tax Cuts and Jobs Act in 2017, the biggest overhaul of the tax code since Ronald Reagan was in the Oval Office, has repeatedly pledged a follow-up, often referred to as "Tax Cuts 2.0."

It's unclear exactly what it would include, but the president has previously said he would cut the top capital gains tax rate to 15% from 20%; forgive temporarily deferred payroll taxes; give tax breaks to U.S. companies that bring their operations back from China; and codify changes made in the previous tax overhaul that are slated to sunset in 2025.